William Blair Weighs in on Chubb Limited’s Q3 2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Analysts at William Blair raised their Q3 2024 earnings estimates for Chubb in a research report issued to clients and investors on Wednesday, April 24th. William Blair analyst A. Klauber now expects that the financial services provider will post earnings per share of $4.77 for the quarter, up from their prior forecast of $4.68. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. William Blair also issued estimates for Chubb’s Q4 2024 earnings at $5.97 EPS, Q1 2025 earnings at $5.99 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.12 EPS and Q4 2025 earnings at $6.56 EPS.

Several other brokerages have also recently weighed in on CB. Evercore ISI boosted their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Roth Mkm restated a “buy” rating and issued a $280.00 target price on shares of Chubb in a report on Wednesday. Royal Bank of Canada dropped their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Piper Sandler restated an “overweight” rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Stock Performance

NYSE CB opened at $245.38 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. Chubb has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock has a market cap of $99.62 billion, a PE ratio of 10.89, a PEG ratio of 1.14 and a beta of 0.62. The firm’s fifty day moving average price is $252.33 and its two-hundred day moving average price is $235.52.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.41 earnings per share.

Institutional Trading of Chubb

A number of institutional investors have recently modified their holdings of the business. Americana Partners LLC purchased a new stake in Chubb in the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC lifted its stake in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares in the last quarter. Graypoint LLC lifted its stake in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in Chubb in the 4th quarter worth approximately $1,403,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.